Accumulated Other Comprehensive Income

9 Months Ended

Feb. 28, 2021

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Accumulated Other Comprehensive Income

(3) Accumulated Other Comprehensive Income

The following table provides changes in accumulated other comprehensive income (“AOCI”), net of tax, reported in our unaudited condensed consolidated financial statements for the periods ended February 28, 2021 and February 29, 2020 (in millions; amounts in parentheses indicate debits to AOCI):

	Three Months Ended						Nine Months Ended
	2021			2020			2021			2020
Foreign currency translation loss:
Balance at beginning of period	$	(954	)	$	(964	)	$	(1,207	)	$	(954	)
Translation adjustments		136			(1	)		389			(12	)
Reclassification to retained earnings due to the adoption of ASU 2018-02		—			—			—			1
Balance at end of period		(818	)		(965	)		(818	)		(965	)
Retirement plans adjustments:
Balance at beginning of period		56			98			60			89
Reclassifications from AOCI		(2	)		(20	)		(6	)		(61	)
Reclassification to retained earnings due to the adoption of ASU 2018-02		—			—			—			50
Balance at end of period		54			78			54			78
Accumulated other comprehensive (loss) at end of period	$	(764	)	$	(887	)	$	(764	)	$	(887	)

The following table presents details of the reclassifications from AOCI for the periods ended February 28, 2021 and February 29, 2020 (in millions; amounts in parentheses indicate debits to earnings):

	Amount Reclassified from AOCI											Affected Line Item in the Income Statement
	Three Months Ended					Nine Months Ended
	2021		2020			2021			2020
Amortization of retirement plans    prior service credits, before tax	$	2	$	27		$	7		$	80		Other retirement plans income
Income tax benefit		—		(7	)		(1	)		(19	)	Provision for income taxes
AOCI reclassifications, net of tax	$	2	$	20		$	6		$	61		Net income